NICE (NASDAQ:NICE) Price Target Raised to $334.00

NICE (NASDAQ:NICE) had its target price lifted by Citigroup from $330.00 to $334.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on NICE. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Barclays decreased their price objective on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of NICE in a research note on Friday, August 16th. Finally, Northland Securities decreased their price target on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, NICE currently has an average rating of “Moderate Buy” and an average target price of $260.57.

NICE Stock Performance

NASDAQ:NICE opened at $172.62 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a 50-day moving average of $172.93 and a two-hundred day moving average of $178.34. The stock has a market cap of $10.85 billion, a P/E ratio of 28.82, a PEG ratio of 1.61 and a beta of 1.04. NICE has a 1-year low of $151.52 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The company had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 EPS. On average, research analysts expect that NICE will post 8.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NICE

A number of hedge funds have recently made changes to their positions in the business. Tanaka Capital Management Inc. raised its holdings in shares of NICE by 2,663.8% during the third quarter. Tanaka Capital Management Inc. now owns 4,809 shares of the technology company’s stock valued at $835,000 after buying an additional 4,635 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of NICE during the third quarter valued at approximately $6,438,000. MML Investors Services LLC raised its holdings in shares of NICE by 238.7% during the third quarter. MML Investors Services LLC now owns 7,503 shares of the technology company’s stock valued at $1,303,000 after buying an additional 5,288 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of NICE during the third quarter valued at approximately $24,547,000. Finally, XTX Topco Ltd bought a new stake in shares of NICE during the third quarter valued at approximately $647,000. Institutional investors own 63.34% of the company’s stock.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.